Coming Soon: Discover Cashback Checking - Card Issuers News


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Credit Card Applications » News » Card Issuers » Coming Soon: Discover Cashback Checking

Coming Soon: Discover Cashback Checking

Coming Soon: Discover Cashback Checking
The content is accurate at the time of publication and is subject to change.

Discover has introduced Cashback Checking. The service is being offered initially to a select group of Discover cardholders and will be expanded throughout the year. It is expected to be available to the general public next year.

Although many people associate the company with credit cards, Discover Financial Services also offers home, student and personal loans, as well as other banking products like CDs, money market and savings accounts. Now they are adding checking accounts to that lineup, with a service that combines the convenience of a checking account with the rewards of a credit card.

Discover Cashback Checking will pay account holders 10 cents every time they use their debit card, make an online payment, or write a check. The reward money will be automatically added to the member’s Discover card Cashback Bonus balance.

Rewards keep getting more competitive

Over the past year there has been a proliferation of prepaid accounts taking aim at the traditional bank account and vying to replace it. Customers frustrated with bank fees for everything from going under a minimum balance to ordering checks have been attracted to the bank account alternatives like Amex Serve or Chase Liquid.

Now Discover is trying to persuade its customers to stay with them for their checking account needs as well as credit cards, savings and loans. Cardmembers who carry Discover credit cards and checking accounts will see their Cashback bonus balances grow even faster.

Checking features

Discover Cashback Checking has the following features:

  • No monthly fee
  • No minimum balance
  • No fee for checks or replacement debit cards
  • No fees to get cash from 415,000 ATMs in its Pulse network
  • An app featuring mobile check deposit, bill pay and an ATM locator
  • Zero-dollar fraud liability in case of unauthorized activity
  • Customer service 24 hours a day, seven days a week
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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